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Today’s show:

Joshua Berkowitz joins Jason discuss the critical role of LPs in venture capital, his family office's diversification into the field (4:37), strategies for evaluating and selecting fund managers (14:26), and the intricacies of fund management and fundraising (30:41).

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Timestamps:

(0:00) Berkocorp’s Joshua Berkowitz joins Jason

(4:37) Why family offices diversify into venture capital - higher returns, high dispersion of returns, and the entrepreneurial aspect

(9:32) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist

(10:59) Evaluating emerging managers - looking for exceptional strategies and execution

(14:26) Decision making processes at venture firms - consensus vs individual decision-making.

(19:56) What a VC fund has to do to be successful

(25:48) Northwest Registered Agent - Get a 60% discount on your next LLC at http://northwestregisteredagent.com/twist

(26:41) Pros and cons of GPs being very vocal/political on social media

(30:41) Quick disqualifications when evaluating new VC funds and challenges with GP "tourism"

(34:59) LinkedIn Marketing - Get a $100 LinkedIn ad credit at http://linkedin.com/angelpod

(36:20) What kills companies - "likely winners" vs "definitive winners"

(58:42) Clarity in the process for GPs raising funds from LPs

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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp

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Check out: https://www.berkocorp.ca/

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Thanks to our partners:

(9:32) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist

(25:48) Northwest Registered Agent - Get a 60% discount on your next LLC at http://northwestregisteredagent.com/twist

(34:59) LinkedIn Marketing - Get a $100 LinkedIn ad credit at http://linkedin.com/angelpod

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Follow at:

X:

https://twitter.com/berkowitz_josh

https://twitter.com/Jason

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LinkedIn:

https://www.linkedin.com/in/jasoncalacanis

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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland

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Check out Jason’s suite of newsletters: https://substack.com/@calacanis

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Follow TWiST:

Substack: https://twistartups.substack.com

Twitter: https://twitter.com/TWiStartups

YouTube: https://www.youtube.com/thisweekin

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Subscribe to the Founder University Podcast: https://www.founder.university/podcast

Lauren Green